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Bad Credit Remortgages – Frequent Finance

Bad Credit Remortgages

Remortgage with poor credit

Is it possible for me to refinance if I have a bad credit history?

The truthful answer is, with many lenders (especially the ones on the high-street), no.  However, Frequent Finance has long-standing relationships with lenders who understand that many people with impaired credit can be very creditworthy, especially for their own home.  Many of these lenders are available only through specialist brokers like us.  Bad Credit Remortgages can be affordable.

Having your bank refuse your remortgage application often has the effect of making people believe they have terrible credit.  But more often than not, this turns out to not be the case!

We offer

  • Impartial and unbiased advice
  • The whole of market panels of lenders including Direct Lenders
  • Deals from UK and overseas lenders most brokers don’t know to exist!
  • Fixed, variable, discounted and tracker rates from a direct lender
  • Interest-only and repayment remortgages
  • Flexible proofs of income including some state benefits
  • Offers for special property types like Semi Commercial Property

  • Your Mortgage Requirements

  • About You

Reducing your monthly payments:

  • Getting a more flexible mortgage with holidays and over-payments
  • Finance away from an expensive mortgage lender or high rate secured loan
  • Your credit score has improved to enable you to qualify with a more cost-effective lender
  • The fixed-rate has run out, and you require the security of another fixed rate
  • Your discounted term has ended, and you’re on a high lenders standard variable rate

Newer innovative lending products like Bad Credit Remortgages

We have some fantastic rates available from Crown Equity Release, More to Life Equity Release and Stonehaven.

Lifetime Mortgages

Because of the low risk to the lender, lifetime mortgages can be meagre rates.  Santander is an excellent example of this.

Age-related products from Frequent Finance

Equity Release is not just for people over 55.  There are options for people under 55 to release equity too.

Bridging Finance before Bad Credit Remortgages

Frequent Finance can arrange bridging finance with meagre fees.  This includes commercial bridging finance, starting at 0.5% per month.

Maybe you want to raise money for:

  • Private health treatment
  • Lawyers bills
  • Funding new business
  • Debt Consolidation – pay off expensive credit
  • Home improvements or critical repairs
  • Private school fees so you don’t have to move house
  • Capital for son or daughters home purchase
  • Buying another property in the UK or overseas
  • Car, motor-home, yacht or motorcycle

Other common reasons for remortgage:

  • Refinance an investment property away from a buy to let mortgage so you can live in it your self.
  • Your husband/wife name on the existing mortgage and property title  is facing some form of bankruptcy or insolvency, and you need to buy them out
  • Divorce or separation – a court has told you to pay your ex-partner to spend money and remove them from the mortgage and title of the property
  • Marriage or civil partnership – your new partner wants to be included on the mortgage and property title

  • Your Mortgage Requirements

  • About You

As of June 2019 popular finance products include Santander Equity Release, Step Change Equity Release, Natwest Equity Release, Norwich Union Equity Release Schemes and Nationwide Equity Release.

Some great products:

Legal and General, Halifax and Prudential Equity Release

Legal and General offers include Equity Release and Lifetime Mortgages.  Prudential offer Equity Release Schemes and Halifax have a great Equity Release Plan.

 

Metrobank Lifetime Mortgage
Which? Equity Release Scheme
Yorkshire Bank Equity Release Scheme
YB-Yorkshire Bank Lifetime Mortgage
Which? Money Lifetime Mortgage
Legal & General Lifetime Mortgage